Announced
Completed
Financials
Sources
Tags
United Kingdom
Friendly
Single Bidder
Private
educational services
Completed
Acquisition
Education Services
Majority
Domestic
Synopsis
The Progress Group, a company in education and training business, completed the acquisition of AC Education, a provider of eLearning for children’s services and the education sector. Financial terms were not disclosed. “This strategic acquisition will significantly strengthen and enhance our eLearning offer, facilitating our expansion into new markets whilst also enabling us to increase our offer to our existing customers. The labour market demand for online learning, particularly in the education industry, has continued to rise significantly with research reporting a 900% growth rate globally since the year 2000. Therefore, it is vital that businesses such as ours invest in capabilities in this area in order to best serve the sectors in which we work," Jayne Worthington, The Progress Group CEO.
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